According to news on January 21, Martha Sazon, president and CEO of GCash, the Philippines’ major financial technology platform, said on Monday that the company is preparing for an IPO and is building its financial product suite in addition to payments. "We want to further expand our lending business and investment platform to support our artificial intelligence efforts," Sazon said in an interview on the sidelines of the World Economic Forum in Davos. GCash is also working with the Philippine government to expand its application through its app, she said. program to issue bonds. The company already allows users to buy insurance, stocks, crypto assets and offers savings products. Sazon said that GCash is discussing a possible public offering with banks, which will depend on market conditions: "There is a lot of discussion about an IPO, and we certainly hope it will happen. But there are no clear plans yet. We are also considering various options." The IPO could raise $1 billion to $1.5 billion, and the company has selected banks to handle a possible share sale this year, people familiar with the matter said.